Shares of Silicom Ltd. (NASDAQ:SILC - Get Free Report) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $14.07 and traded as high as $16.34. Silicom shares last traded at $16.31, with a volume of 24,130 shares traded.
Analyst Ratings Changes
Separately, Needham & Company LLC began coverage on Silicom in a research report on Monday, November 4th. They set a "hold" rating for the company.
Check Out Our Latest Stock Report on Silicom
Silicom Trading Down 5.8 %
The business's 50-day simple moving average is $14.45 and its 200-day simple moving average is $14.08. The company has a market capitalization of $103.84 million, a PE ratio of -5.12 and a beta of 1.03.
Hedge Funds Weigh In On Silicom
A hedge fund recently raised its stake in Silicom stock. GSA Capital Partners LLP raised its position in Silicom Ltd. (NASDAQ:SILC - Free Report) by 89.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 27,482 shares of the technology company's stock after buying an additional 12,990 shares during the period. GSA Capital Partners LLP owned about 0.41% of Silicom worth $377,000 at the end of the most recent quarter. Institutional investors and hedge funds own 52.85% of the company's stock.
About Silicom
(
Get Free Report)
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for servers, server-based systems, and communications devices. It offers server network interface cards; and smart cards, such as smart server adapters, which include redirector and switching cards, encryption and data compression hardware acceleration cards, forward error correction acceleration and offloading cards, time synchronization cards, and field programmable gate array-based cards.
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